FinTech: Lenovo and Tabit Tie-Up To Offer BNPL To Small Businesses In Canada
Lenovo will now offer their business customers Tabit’s BNPL payment method through their Tabit integration.
Lenovo (HKG: 0992) has partnered with Tabit, Canada’s first B2B Buy-Now-Pay-Later (BNPL) solution available at Point-of-Sale, to offer their business customers financing options of up to 12 months, including a 30-day interest-free option. This partnership will help small businesses access immediate and fully automated financing at the point of sale, relieving cash flow pressure while benefiting from attractive payment terms and a seamless customer experience.
Tabit eliminates the traditional credit risk faced by suppliers, offering a user-friendly application process that can generate approvals in as little as 30 seconds, making it easier for sellers to convert sales without taking credit risk. (CISION PR NEWSWIRE)
Tabit, which was founded in 2021, is a B2B Buy-Now-Pay-Later solution powered by Merchant Growth. The fintech leverages Merchant Growth’s data and 12-year history of underwriting small business risk to issue its lightning fast approvals.
Tabit is focused on bringing the consumer buying experience to B2B. “These past few years have been incredibly volatile, whether it be the effects of the COVID-19 pandemic or turbulence in financial markets, and quick access to financing is paramount in helping small businesses navigate these rapidly changing environments,” said David Gens, CEO, in a statement.
Related Story: Playter Announces Paid, A BNPL Scheme For SMBs In The UK
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